While completing a review of our CRA Data (Small Business/Small Farm Loans) we found some errors in fields such as loan amount, action date and loans that reported on the LAR that should not have been.
Question under CRA when examiners complete the data intregrity review if they were to find these errors what would be the consequences penities?
What error % would trigger a CRA srub and require us to resubmit the CRA file?
Is there somewhere in the reg that covers this?
Thank you in advance!
All statements are my own and not necessarily those of my employer.